Edgar Filing: Eaton Vance Short Duration Diversified Income Fund

Eaton Vance Short Duration Diversified Income Fund

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act File Number: 811-21563

Eaton Vance Short Duration Diversified Income Fund

(Exact Name of Registrant as Specified in Charter)

Two International Place, Boston, Massachusetts 02110

(Address of Principal Executive Offices)

Maureen A. Gemma

Two International Place, Boston, Massachusetts 02110

(Name and Address of Agent for Services)

(617) 482-8260

(Registrant’s Telephone Number)

October 31

Date of Fiscal Year End

April 30, 2016

Date of Reporting Period

Item 1. Reports to Stockholders

LOGO

Eaton Vance

Short Duration Diversified Income Fund (EVG)

Semiannual Report

April 30, 2016

LOGO

Commodity Futures Trading Commission Registration. Effective December 31, 2012, the Commodity Futures Trading Commission (“CFTC”) adopted certain regulatory changes that subject registered investment companies and advisers to regulation by the CFTC if a fund invests more than a prescribed level of its assets in certain CFTC-regulated instruments (including futures, certain options and swap agreements) or markets itself as providing investment exposure to such instruments. The Fund has claimed an exclusion from the definition of the term “commodity pool operator” under the Commodity Exchange Act. Accordingly, neither the Fund nor the adviser with respect to the operation of the Fund is subject to CFTC regulation. Because of its management of other strategies, the Fund’s adviser is registered with the CFTC as a commodity pool operator and a commodity trading advisor.

Managed Distribution Plan. Pursuant to an exemptive order issued by the Securities and Exchange Commission (Order), the Fund is authorized to distribute long-term capital gains to shareholders more frequently than once per year. Pursuant to the Order, the Fund’s Board of Trustees approved a Managed Distribution Plan (MDP) pursuant to which the Fund makes monthly cash distributions to common shareholders, stated in terms of a fixed amount per common share.

The Fund currently distributes monthly cash distributions equal to $0.09 per share in accordance with the MDP. You should not draw any conclusions about the Fund’s investment performance from the amount of these distributions or from the terms of the MDP. The MDP will be subject to regular periodic review by the Fund’s Board of Trustees and the Board may amend or terminate the MDP at any time without prior notice to Fund shareholders. However, at this time there are no reasonably foreseeable circumstances that might cause the termination of the MDP.

The Fund may distribute more than its net investment income and net realized capital gains and, therefore, a distribution may include a return of capital. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.” With each distribution, the Fund will issue a notice to shareholders and a press release containing information about the amount and sources of the distribution and other related information. The amounts and sources of distributions contained in the notice and press release are only estimates and are not provided for tax purposes. The amounts and sources of the Fund’s distributions for tax purposes will be reported to shareholders on Form 1099-DIV for each calendar year.

Fund shares are not insured by the FDIC and are not deposits or other obligations of, or guaranteed by, any depository institution. Shares are subject to investment risks, including possible loss of principal invested.

Semiannual Report April 30, 2016

Eaton Vance

Short Duration Diversified Income Fund

Table of Contents


Performance			2

Fund Profile			2

Endnotes and Additional Disclosures			3

Financial Statements			4

Annual Meeting of Shareholders			39

Board of Trustees’ Contract Approval			40

Officers and Trustees			43

Important Notices			44

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2016

Performance¹

Portfolio Managers Scott H. Page, CFA, Payson F. Swaffield, CFA, Catherine C. McDermott, Andrew Szczurowski, CFA and Eric Stein, CFA


% Average Annual Total Returns	Inception Date		Six Months			One Year			Five Years			Ten Years
Fund at NAV		02/28/2005		2.45	%		0.70	%		3.11	%		5.53	%
Fund at Market Price		—		3.76			–0.73			2.71			5.68


% Premium/Discount to NAV²
													–10.52	%


Distributions³
Total Distributions per share for the period													$0.540
Distribution Rate at NAV													7.14	%
Distribution Rate at Market Price													7.98	%


% Total Leverage⁴
Derivatives													21.28	%
Borrowings													21.57

Fund Profile

Asset Allocation (% of total leveraged assets)⁵

LOGO

See Endnotes and Additional Disclosures in this report.

Past performance is no guarantee of future results. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) or market price (as applicable) with all distributions reinvested and includes management fees and other expenses. Fund performance at market price will differ from its results at NAV due to factors such as changing perceptions about the Fund, market conditions, fluctuations in supply and demand for Fund shares, or changes in Fund distributions. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance less than or equal to one year is cumulative. Performance is for the stated time period only; due to market volatility, current Fund performance may be lower or higher than the quoted return. For performance as of the most recent month-end, please refer to eatonvance.com.


		2

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2016

Endnotes and Additional Disclosures

¹	Performance results reflect the effects of leverage. Absent an expense waiver by the investment adviser, if applicable, the returns would be lower.

²	The shares of the Fund often trade at a discount or premium from their net asset value. The discount or premium of the Fund may vary over time and may be higher or lower than what is quoted in this report. For up-to-date premium/discount information, please refer to http://eatonvance.com/closedend.

The Distribution Rate is based on the Fund’s last regular distribution per share in the period (annualized) divided by the Fund’s NAV or market price at the end of the period. The Fund’s distributions may be comprised of amounts characterized for federal income tax purposes as qualified and non-qualified ordinary dividends, capital gains and nondividend distributions, also known as return of capital. For additional information about nondividend distributions, please refer to Eaton Vance Closed-End Fund Distribution Notices (19a) posted on our website, eatonvance.com. The Fund will determine the federal income tax character of distributions paid to a shareholder after the end of the calendar year. This is reported on the IRS form 1099-DIV and provided to the shareholder shortly after each year-end. For information about the tax character of distributions made in prior calendar years, please refer to Performance-Tax Character of Distributions on the Fund’s webpage available at eatonvance.com. The Fund’s distributions are determined by the investment adviser based on its current assessment of the Fund’s long-term return potential. Fund distributions may be affected by numerous factors including changes in Fund performance, the cost of financing for leverage, portfolio holdings, realized and projected returns, and other factors. As portfolio and market conditions change, the rate of distributions paid by the Fund could change.

⁴

The Fund employs leverage through derivatives and borrowings. Total leverage is shown as a percentage of the Fund’s aggregate net assets plus the absolute notional value of long and short derivatives and borrowings outstanding. Use of leverage creates an opportunity for income, but creates risks including greater price volatility. The cost of borrowings rises and falls with changes in short-term interest rates. The Fund may be required to maintain prescribed asset coverage for its leverage and may be required to reduce its leverage at an inopportune time.

⁵

Total leveraged assets include all assets of the Fund (including those acquired with financial leverage) and derivatives held by the Fund. Asset Allocation as a percentage of the Fund’s net assets amounted to 175.0%. Please refer to the definition of total leveraged assets within the Notes to Financial Statements included herein.

Fund profile subject to change due to active management.


		3

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2016

Portfolio of Investments (Unaudited)


Senior Floating-Rate Loans — 55.5%⁽¹⁾


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Aerospace and Defense — 0.6%
BE Aerospace, Inc.
Term Loan, 4.00%, Maturing December 16, 2021		188	$	188,879
Silver II US Holdings, LLC
Term Loan, 4.00%, Maturing December 13, 2019		358		323,801
TransDigm, Inc.
Term Loan, 3.75%, Maturing February 28, 2020		799		799,277
Term Loan, 3.75%, Maturing June 4, 2021		319		318,348

			$	1,630,305


Air Transport — 0.2%
Virgin America, Inc.
Term Loan, 4.50%, Maturing April 4, 2019		450	$	450,540

			$	450,540


Automotive — 2.1%
Affinia Group Intermediate Holdings, Inc.
Term Loan, 6.00%, Maturing April 27, 2020		67	$	66,400
Allison Transmission, Inc.
Term Loan, 3.50%, Maturing August 23, 2019		416		417,401
CS Intermediate Holdco 2, LLC
Term Loan, 4.00%, Maturing April 4, 2021		565		564,938
Dayco Products, LLC
Term Loan, 5.25%, Maturing December 12, 2019		172		168,284
FCA US, LLC
Term Loan, 3.50%, Maturing May 24, 2017		515		515,804
Term Loan, 3.25%, Maturing December 31, 2018		216		216,055
Federal-Mogul Holdings Corporation
Term Loan, 4.75%, Maturing April 15, 2021		663		635,002
Goodyear Tire & Rubber Company (The)
Term Loan - Second Lien, 3.75%, Maturing April 30, 2019		575		576,977
Horizon Global Corporation
Term Loan, 7.00%, Maturing June 30, 2021		96		94,084
MPG Holdco I, Inc.
Term Loan, 3.75%, Maturing October 20, 2021		1,409		1,402,794
Schaeffler AG
Term Loan, 4.25%, Maturing May 15, 2020		68		68,242
TI Group Automotive Systems, LLC
Term Loan, 4.50%, Maturing June 30, 2022		224		223,875
Tower Automotive Holdings USA, LLC
Term Loan, 4.00%, Maturing April 23, 2020		527		527,147


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Automotive (continued)
Visteon Corporation
Term Loan, 3.50%, Maturing April 9, 2021		102	$	101,924

			$	5,578,927


Beverage and Tobacco — 0.1%
Flavors Holdings, Inc.
Term Loan, 6.75%, Maturing April 3, 2020		376	$	338,336

			$	338,336


Brokerage / Securities Dealers / Investment Houses — 0.1%
Astro AB Borrower, Inc.
Term Loan, 5.50%, Maturing April 30, 2022		73	$	72,261
Salient Partners L.P.
Term Loan, 7.50%, Maturing May 19, 2021		147		140,006

			$	212,267


Building and Development — 1.5%
ABC Supply Co., Inc.
Term Loan, 3.50%, Maturing April 16, 2020		194	$	194,982
Auction.com, LLC
Term Loan, 6.00%, Maturing May 12, 2019		198		197,258
CPG International, Inc.
Term Loan, 4.75%, Maturing September 30, 2020		397		395,245
DTZ U.S. Borrower, LLC
Term Loan, 4.25%, Maturing November 4, 2021		471		471,830
Gates Global, Inc.
Term Loan, 4.25%, Maturing July 6, 2021		1,021		981,723
Headwaters, Incorporated
Term Loan, 4.50%, Maturing March 24, 2022		50		49,842
Ply Gem Industries, Inc.
Term Loan, 4.00%, Maturing February 1, 2021		456		454,451
Quikrete Holdings, Inc.
Term Loan, 4.00%, Maturing September 28, 2020		190		190,416
Term Loan - Second Lien, 7.00%, Maturing March 26, 2021		500		500,625
RE/MAX International, Inc.
Term Loan, 4.25%, Maturing July 31, 2020		329		326,418
Summit Materials Companies I, LLC
Term Loan, 4.00%, Maturing July 17, 2022		124		124,205
WireCo WorldGroup, Inc.
Term Loan, 6.00%, Maturing February 15, 2017		91		90,273

			$	3,977,268


		4		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2016

Portfolio of Investments (Unaudited) — continued


Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value


Business Equipment and Services — 4.5%
Acosta Holdco, Inc.
Term Loan, 4.25%, Maturing September 26, 2021			640	$	634,280
AlixPartners, LLP
Term Loan, 4.50%, Maturing July 28, 2022			369		370,091
Altisource Solutions S.a.r.l.
Term Loan, 4.50%, Maturing December 9, 2020			269		234,983
Brickman Group Ltd., LLC
Term Loan, 4.00%, Maturing December 18, 2020			147		146,338
CCC Information Services, Inc.
Term Loan, 4.00%, Maturing December 20, 2019			848		841,716
Ceridian, LLC
Term Loan, 4.50%, Maturing September 15, 2020			614		589,866
Corporate Capital Trust, Inc.
Term Loan, 4.00%, Maturing May 20, 2019			1,064		1,051,534
CPM Holdings, Inc.
Term Loan, 6.00%, Maturing April 11, 2022			50		49,191
Education Management, LLC
Term Loan, 5.50%, Maturing July 2, 2020⁽²⁾			80		45,050
Term Loan, 8.50%, (2.00% Cash, 6.50% PIK), Maturing July 2, 2020⁽²⁾			144		7,735
EIG Investors Corp.
Term Loan, 6.48%, Maturing November 9, 2019			459		442,381
Emdeon Business Services, LLC
Term Loan, 3.75%, Maturing November 2, 2018			265		264,804
Extreme Reach, Inc.
Term Loan, 7.25%, Maturing February 7, 2020			121		121,400
Garda World Security Corporation
Term Loan, 4.00%, Maturing November 6, 2020			60		58,938
Term Loan, 4.00%, Maturing November 6, 2020			333		328,103
Global Payments, Inc.
Term Loan, 3.94%, Maturing April 22, 2023			125		126,380
IG Investment Holdings, LLC
Term Loan, 6.00%, Maturing October 29, 2021			366		364,681
IMS Health Incorporated
Term Loan, 3.50%, Maturing March 17, 2021			982		984,708
Information Resources, Inc.
Term Loan, 4.75%, Maturing September 30, 2020			217		217,759
ION Trading Finance Limited
Term Loan, 4.50%, Maturing June 10, 2021	EUR		164		188,586
KAR Auction Services, Inc.
Term Loan, 3.94%, Maturing March 11, 2021			539		540,619
Kronos Incorporated
Term Loan, 4.50%, Maturing October 30, 2019			431		431,822
Term Loan - Second Lien, 9.75%, Maturing April 30, 2020			200		203,356


Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value


Business Equipment and Services (continued)
MCS AMS Sub-Holdings, LLC
Term Loan, 7.50%, Maturing October 15, 2019			83	$	77,389
Monitronics International, Inc.
Term Loan, 4.25%, Maturing March 23, 2018			99		94,833
Term Loan, 4.50%, Maturing April 11, 2022			124		115,294
PGX Holdings, Inc.
Term Loan, 5.75%, Maturing September 29, 2020			369		367,647
Prime Security Services Borrower, LLC
Term Loan, Maturing April 7, 2022⁽³⁾			200		200,960
Quintiles Transnational Corp.
Term Loan, 3.25%, Maturing May 12, 2022			248		248,668
RCS Capital Corporation
DIP Loan, 8.00%, Maturing August 8, 2016			50		50,156
Term Loan, 0.00%, Maturing April 29, 2019⁽⁴⁾			285		194,299
Sensus USA, Inc.
Term Loan, 6.50%, Maturing March 16, 2023			225		221,344
ServiceMaster Company
Term Loan, 4.25%, Maturing July 1, 2021			768		771,573
TNS, Inc.
Term Loan, 5.00%, Maturing February 14, 2020			111		109,993
Travelport Finance (Luxembourg) S.a.r.l.
Term Loan, 5.75%, Maturing September 2, 2021			222		222,613
WASH Multifamily Laundry Systems, LLC
Term Loan, 4.25%, Maturing May 14, 2022			7		7,349
Term Loan, 4.25%, Maturing May 14, 2022			42		41,965
West Corporation
Term Loan, 3.25%, Maturing June 30, 2018			1,283		1,278,711

				$	12,247,115


Cable and Satellite Television — 1.5%
Altice US Finance I Corporation
Term Loan, 4.25%, Maturing December 14, 2022			730	$	730,399
Atlantic Broadband Finance, LLC
Term Loan, 3.25%, Maturing November 30, 2019			129		129,602
CSC Holdings, Inc.
Term Loan, 2.94%, Maturing April 17, 2020			307		307,847
MCC Iowa, LLC
Term Loan, 3.25%, Maturing January 29, 2021			170		170,400
Term Loan, 3.75%, Maturing June 30, 2021			147		147,822
Neptune Finco Corp.
Term Loan, 5.00%, Maturing October 9, 2022			700		704,288
Numericable Group SA
Term Loan, 4.56%, Maturing July 29, 2022	EUR		124		142,950
Term Loan, 4.56%, Maturing July 31, 2022			75		74,683


		5		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2016

Portfolio of Investments (Unaudited) — continued


Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value


Cable and Satellite Television (continued)
Numericable U.S., LLC
Term Loan, 5.00%, Maturing January 15, 2024			150	$	151,188
Virgin Media Investment Holdings Limited
Term Loan, 3.65%, Maturing June 30, 2023			639		638,357
Term Loan, 4.25%, Maturing June 30, 2023	GBP		300		434,705
Ziggo B.V.
Term Loan, 3.75%, Maturing January 15, 2022	EUR		65		74,590
Term Loan, 3.75%, Maturing January 15, 2022	EUR		101		115,784
Term Loan, 3.75%, Maturing January 15, 2022	EUR		183		209,571

				$	4,032,186


Chemicals and Plastics — 3.2%
Aruba Investments, Inc.
Term Loan, 4.50%, Maturing February 2, 2022			58	$	57,271
Axalta Coating Systems US Holdings, Inc.
Term Loan, 3.75%, Maturing February 1, 2020			463		463,172
Chemours Company (The)
Term Loan, 3.75%, Maturing May 12, 2022			199		194,034
ECO Services Operations, LLC
Term Loan, 4.75%, Maturing December 1, 2021			74		72,304
Emerald Performance Materials, LLC
Term Loan, 4.50%, Maturing August 1, 2021			338		336,271
Term Loan - Second Lien, 7.75%, Maturing August 1, 2022			100		94,083
Flint Group GmbH
Term Loan, 4.50%, Maturing September 7, 2021			24		24,086
Flint Group US, LLC
Term Loan, 4.50%, Maturing September 7, 2021			148		144,840
Gemini HDPE, LLC
Term Loan, 4.75%, Maturing August 7, 2021			368		367,216
Huntsman International, LLC
Term Loan, 3.50%, Maturing April 19, 2019			1,471		1,469,888
Term Loan, 3.75%, Maturing October 1, 2021			370		370,310
Term Loan, 4.25%, Maturing April 1, 2023			100		100,750
Ineos US Finance, LLC
Term Loan, 3.75%, Maturing May 4, 2018			1,324		1,325,307
Term Loan, 4.25%, Maturing March 31, 2022			124		123,451
Kraton Polymers, LLC
Term Loan, 6.00%, Maturing January 6, 2022			250		240,989
Kronos Worldwide, Inc.
Term Loan, 4.00%, Maturing February 18, 2020			49		45,937
MacDermid, Inc.
Term Loan, 5.50%, Maturing June 7, 2020			100		97,860
Term Loan, 5.50%, Maturing June 7, 2020			123		121,377
Term Loan, 5.50%, Maturing June 7, 2020			244		240,328


Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value


Chemicals and Plastics (continued)
Minerals Technologies, Inc.
Term Loan, 3.75%, Maturing May 9, 2021			210	$	210,575
Orion Engineered Carbons GmbH
Term Loan, 5.00%, Maturing July 25, 2021			91		91,301
Term Loan, 5.00%, Maturing July 25, 2021	EUR		174		201,786
OXEA Finance, LLC
Term Loan, 4.25%, Maturing January 15, 2020			122		121,266
PolyOne Corporation
Term Loan, 3.75%, Maturing November 11, 2022			100		99,968
PQ Corporation
Term Loan, 4.00%, Maturing August 7, 2017			218		217,846
Term Loan, Maturing October 14, 2022⁽³⁾			225		226,641
Solenis International L.P.
Term Loan, 4.50%, Maturing July 31, 2021	EUR		172		197,279
Sonneborn Refined Products B.V.
Term Loan, 4.75%, Maturing December 10, 2020			14		13,976
Sonneborn, LLC
Term Loan, 4.75%, Maturing December 10, 2020			79		78,932
Tata Chemicals North America, Inc.
Term Loan, 3.75%, Maturing August 7, 2020			200		197,564
Trinseo Materials Operating S.C.A.
Term Loan, 4.25%, Maturing November 5, 2021			50		49,563
Tronox Pigments (Netherlands) B.V.
Term Loan, 4.50%, Maturing March 19, 2020			388		377,000
Univar, Inc.
Term Loan, 4.25%, Maturing July 1, 2022			597		590,533
Zep, Inc.
Term Loan, 5.50%, Maturing June 27, 2022			74		74,717

				$	8,638,421


Clothing / Textiles — 0.1%
Ascena Retail Group, Inc.
Term Loan, 5.25%, Maturing August 21, 2022			298	$	294,116

				$	294,116


Conglomerates — 0.5%
Blount International, Inc.
Term Loan, 7.25%, Maturing April 12, 2023			400	$	400,000
RGIS Services, LLC
Term Loan, 5.50%, Maturing October 18, 2017			717		580,396
Spectrum Brands, Inc.
Term Loan, 3.50%, Maturing June 23, 2022			337		338,660

				$	1,319,056


		6		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2016

Portfolio of Investments (Unaudited) — continued


Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value


Containers and Glass Products — 2.1%
Berry Plastics Holding Corporation
Term Loan, 3.50%, Maturing February 8, 2020			412	$	412,508
Term Loan, 3.75%, Maturing January 6, 2021			797		799,291
Term Loan, 4.00%, Maturing October 1, 2022			180		181,219
Hilex Poly Co., LLC
Term Loan, 6.00%, Maturing December 5, 2021			792		794,215
Libbey Glass, Inc.
Term Loan, 3.75%, Maturing April 9, 2021			49		48,567
Pelican Products, Inc.
Term Loan, 5.25%, Maturing April 10, 2020			421		395,707
Reynolds Group Holdings, Inc.
Term Loan, 4.50%, Maturing December 1, 2018			1,492		1,498,076
SIG Combibloc Purchase Co. S.a.r.l.
Term Loan, 4.25%, Maturing March 13, 2022	EUR		396		456,841
SIG Combibloc US Acquisition, Inc.
Term Loan, 4.25%, Maturing March 13, 2022			223		223,011
TricorBraun, Inc.
Term Loan, 4.00%, Maturing May 3, 2018			390		387,843
Verallia
Term Loan, 5.00%, Maturing October 29, 2022	EUR		300		346,083

				$	5,543,361


Cosmetics / Toiletries — 0.5%
Coty, Inc.
Term Loan, 3.75%, Maturing October 27, 2022			150	$	150,530
Galleria Co.
Term Loan, 3.75%, Maturing January 26, 2023			325		326,117
KIK Custom Products, Inc.
Term Loan, 6.00%, Maturing August 26, 2022			274		265,929
Revlon Consumer Products Corporation
Term Loan, 4.00%, Maturing October 8, 2019			212		212,698
Sun Products Corporation (The)
Term Loan, 5.50%, Maturing March 23, 2020			412		404,129

				$	1,359,403


Drugs — 1.4%
Alkermes, Inc.
Term Loan, 3.50%, Maturing September 25, 2019			73	$	72,466
AMAG Pharmaceuticals, Inc.
Term Loan, 4.75%, Maturing August 13, 2021			195		194,269
DPx Holdings B.V.
Term Loan, 4.25%, Maturing March 11, 2021			543		538,889
Endo Luxembourg Finance Company I S.a.r.l.
Term Loan, 3.75%, Maturing September 26, 2022			499		497,919


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Drugs (continued)
Horizon Pharma, Inc.
Term Loan, 4.50%, Maturing May 7, 2021		447	$	435,878
Mallinckrodt International Finance S.A.
Term Loan, 3.25%, Maturing March 19, 2021		270		263,885
Term Loan, 3.50%, Maturing March 19, 2021		222		219,224
Valeant Pharmaceuticals International, Inc.
Term Loan, 4.75%, Maturing December 11, 2019		337		329,356
Term Loan, 4.75%, Maturing August 5, 2020		709		690,394
Term Loan, 5.00%, Maturing April 1, 2022		685		672,533

			$	3,914,813


Ecological Services and Equipment — 0.4%
ADS Waste Holdings, Inc.
Term Loan, 3.75%, Maturing October 9, 2019		375	$	373,853
EnergySolutions, LLC
Term Loan, 6.75%, Maturing May 29, 2020		660		643,117

			$	1,016,970


Electronics / Electrical — 5.3%
Answers Corporation
Term Loan, 6.25%, Maturing October 3, 2021		222	$	149,143
Avago Technologies Cayman Ltd.
Term Loan, 4.25%, Maturing February 1, 2023		1,625		1,628,950
Campaign Monitor Finance Pty. Limited
Term Loan, 6.25%, Maturing March 18, 2021		122		117,701
CommScope, Inc.
Term Loan, 3.31%, Maturing January 14, 2018		100		99,730
Term Loan, 3.83%, Maturing December 29, 2022		174		174,633
CompuCom Systems, Inc.
Term Loan, 4.25%, Maturing May 11, 2020		138		100,066
Dell International, LLC
Term Loan, 4.00%, Maturing April 29, 2020		1,085		1,085,620
Dell, Inc.
Term Loan, 3.75%, Maturing October 29, 2018		88		88,151
Deltek, Inc.
Term Loan, 5.00%, Maturing June 25, 2022		350		350,000
Entegris, Inc.
Term Loan, 3.50%, Maturing April 30, 2021		50		50,335
Excelitas Technologies Corp.
Term Loan, 6.00%, Maturing October 31, 2020		145		134,932
Go Daddy Operating Company, LLC
Term Loan, 4.25%, Maturing May 13, 2021		643		645,044
Infor (US), Inc.
Term Loan, 3.75%, Maturing June 3, 2020		910		890,750


		7		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2016

Portfolio of Investments (Unaudited) — continued


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Electronics / Electrical (continued)
Informatica Corporation
Term Loan, 4.25%, Maturing August 5, 2022		423	$	417,897
Lattice Semiconductor Corporation
Term Loan, 5.25%, Maturing March 10, 2021		99		95,040
M/A-COM Technology Solutions Holdings, Inc.
Term Loan, 4.50%, Maturing May 7, 2021		98		98,250
MA FinanceCo., LLC
Term Loan, 4.50%, Maturing November 20, 2019		203		202,247
Term Loan, 5.25%, Maturing November 19, 2021		695		695,024
Magic Newco, LLC
Term Loan, 5.00%, Maturing December 12, 2018		265		266,461
MH Sub I, LLC
Term Loan, 4.75%, Maturing July 8, 2021		222		221,683
Microsemi Corporation
Term Loan, 5.25%, Maturing January 15, 2023		149		150,430
NXP B.V.
Term Loan, 3.25%, Maturing January 11, 2020		341		341,250
Term Loan, 3.75%, Maturing December 7, 2020		324		325,707
ON Semiconductor Corporation
Term Loan, 5.25%, Maturing March 31, 2023		200		201,325
Orbotech, Inc.
Term Loan, 5.00%, Maturing August 6, 2020		54		53,474
Renaissance Learning, Inc.
Term Loan, 4.50%, Maturing April 9, 2021		123		120,509
Rocket Software, Inc.
Term Loan, 5.75%, Maturing February 8, 2018		285		283,941
RP Crown Parent, LLC
Term Loan, 6.00%, Maturing December 21, 2018		882		836,962
SGS Cayman L.P.
Term Loan, 6.00%, Maturing April 23, 2021		37		37,268
SkillSoft Corporation
Term Loan, 5.75%, Maturing April 28, 2021		393		345,840
Smart Technologies ULC
Term Loan, 10.50%, Maturing January 31, 2018		101		101,577
Southwire Company
Term Loan, 3.00%, Maturing February 10, 2021		393		385,924
SS&C Technologies, Inc.
Term Loan, 4.01%, Maturing July 8, 2022		357		358,835
Term Loan, 4.02%, Maturing July 8, 2022		51		51,124
SunEdison Semiconductor B.V.
Term Loan, 6.50%, Maturing May 27, 2019		119		116,272
SurveyMonkey, Inc.
Term Loan, 6.25%, Maturing February 5, 2019		95		93,002


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Electronics / Electrical (continued)
Sutherland Global Services, Inc.
Term Loan, 6.00%, Maturing April 23, 2021		160	$	160,101
Sybil Software, LLC
Term Loan, 4.25%, Maturing March 20, 2020		783		786,268
Vantiv, LLC
Term Loan, 3.50%, Maturing June 13, 2021		125		125,368
VeriFone, Inc.
Term Loan, 3.50%, Maturing July 8, 2021		491		488,794
Wall Street Systems Delaware, Inc.
Term Loan, 4.25%, Maturing April 30, 2021		499		496,730
Western Digital Corporation
Term Loan, Maturing April 29, 2023⁽³⁾		525		517,453
Zebra Technologies Corporation
Term Loan, 4.75%, Maturing October 27, 2021		378		380,911

			$	14,270,722


Equipment Leasing — 0.3%
Delos Finance S.a.r.l.
Term Loan, 3.50%, Maturing March 6, 2021		425	$	427,191
Flying Fortress, Inc.
Term Loan, 3.50%, Maturing April 30, 2020		500		502,813

			$	930,004


Financial Intermediaries — 2.2%
American Capital Ltd.
Term Loan, 3.50%, Maturing August 22, 2017		129	$	128,342
Armor Holding II, LLC
Term Loan, 5.75%, Maturing June 26, 2020		416		403,369
Citco Funding, LLC
Term Loan, 4.25%, Maturing June 29, 2018		669		669,021
Clipper Acquisitions Corp.
Term Loan, 3.00%, Maturing February 6, 2020		97		96,347
First Data Corporation
Term Loan, 3.94%, Maturing September 24, 2018		375		375,625
Term Loan, 4.19%, Maturing July 8, 2022		150		150,134
Grosvenor Capital Management Holdings, LLP
Term Loan, 3.75%, Maturing January 4, 2021		1,100		1,085,875
Guggenheim Partners, LLC
Term Loan, 4.25%, Maturing July 22, 2020		244		245,047
Harbourvest Partners, LLC
Term Loan, 3.25%, Maturing February 4, 2021		115		114,139
LPL Holdings, Inc.
Term Loan, 4.25%, Maturing March 29, 2021		1,566		1,554,323


		8		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2016

Portfolio of Investments (Unaudited) — continued


Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value


Financial Intermediaries (continued)
Medley, LLC
Term Loan, 6.50%, Maturing June 15, 2019			86	$	87,296
NXT Capital, Inc.
Term Loan, 6.25%, Maturing September 4, 2018			124		123,731
Ocwen Financial Corporation
Term Loan, 5.50%, Maturing February 15, 2018			221		217,618
Sesac Holdco II, LLC
Term Loan, 5.25%, Maturing February 8, 2019			287		284,601
Starwood Property Trust, Inc.
Term Loan, 3.50%, Maturing April 17, 2020			122		121,098
Walker & Dunlop, Inc.
Term Loan, 5.25%, Maturing December 11, 2020			120		120,411
Walter Investment Management Corp.
Term Loan, 4.75%, Maturing December 19, 2020			199		174,938

				$	5,951,915


Food Products — 1.8%
AdvancePierre Foods, Inc.
Term Loan, 5.75%, Maturing July 10, 2017			625	$	626,655
Blue Buffalo Company Ltd.
Term Loan, 3.75%, Maturing August 8, 2019			241		242,674
Charger OpCo B.V.
Term Loan, 4.25%, Maturing July 2, 2022	EUR		66		76,678
Clearwater Seafoods Limited Partnership
Term Loan, 4.75%, Maturing June 26, 2019			157		158,155
Del Monte Foods, Inc.
Term Loan, 4.25%, Maturing February 18, 2021			122		118,827
Dole Food Company, Inc.
Term Loan, 4.50%, Maturing November 1, 2018			92		92,170
High Liner Foods Incorporated
Term Loan, 4.25%, Maturing April 24, 2021			141		139,518
JBS USA, LLC
Term Loan, 3.75%, Maturing May 25, 2018			866		866,377
Term Loan, 3.75%, Maturing September 18, 2020			293		293,231
Term Loan, 4.00%, Maturing October 30, 2022			125		124,584
Maple Holdings Acquisition Corp.
Term Loan, 5.25%, Maturing March 3, 2023			189		190,476
NBTY, Inc.
Term Loan, 3.75%, Maturing October 1, 2017			853		854,387
Oak Tea, Inc.
Term Loan, 4.25%, Maturing July 2, 2022			308		308,862
Pinnacle Foods Finance, LLC
Term Loan, 3.25%, Maturing April 29, 2020			122		121,913
Term Loan, 3.25%, Maturing April 29, 2020			605		605,685

				$	4,820,192


Borrower/Tranche Description	Principal Amount* (000’s omitted)			Value


Food Service — 1.2%
1011778 B.C. Unlimited Liability Company
Term Loan, 3.75%, Maturing December 10, 2021		917		$	919,765
Aramark Services, Inc.
Term Loan, 3.94%, Maturing July 26, 2016		0	⁽⁵⁾		236
Term Loan, 4.13%, Maturing July 26, 2016		0	⁽⁵⁾		132
Landry’s, Inc.
Term Loan, 4.00%, Maturing April 24, 2018		391			391,819
Manitowoc Foodservice, Inc.
Term Loan, 5.75%, Maturing March 3, 2023		172			173,995
US Foods, Inc.
Term Loan, 4.50%, Maturing March 31, 2019		608			607,813
Weight Watchers International, Inc.
Term Loan, 4.00%, Maturing April 2, 2020		1,413			1,044,822

				$	3,138,582


Food / Drug Retailers — 1.0%
Albertsons, LLC
Term Loan, 5.50%, Maturing March 21, 2019		221		$	221,509
Term Loan, 5.13%, Maturing August 25, 2019		404			404,651
Term Loan, 5.50%, Maturing August 25, 2021		173			174,080
General Nutrition Centers, Inc.
Term Loan, 3.25%, Maturing March 4, 2019		744			740,754
Rite Aid Corporation
Term Loan - Second Lien, 5.75%, Maturing August 21, 2020		100			100,500
Supervalu, Inc.
Term Loan, 4.50%, Maturing March 21, 2019		979			970,279

				$	2,611,773


Health Care — 5.8%
Acadia Healthcare Company, Inc.
Term Loan, 4.25%, Maturing February 11, 2022		49		$	49,869
ADMI Corp.
Term Loan, 5.50%, Maturing April 30, 2022		74			74,612
Akorn, Inc.
Term Loan, 6.00%, Maturing April 16, 2021		159			159,820
Albany Molecular Research, Inc.
Term Loan, 5.75%, Maturing July 16, 2021		398			399,493
Alere, Inc.
Term Loan, 4.25%, Maturing June 18, 2022		301			299,500
Alliance Healthcare Services, Inc.
Term Loan, 4.25%, Maturing June 3, 2019		216			207,148
Amneal Pharmaceuticals, LLC
Term Loan, 4.50%, Maturing November 1, 2019		540			537,710


		9		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2016

Portfolio of Investments (Unaudited) — continued


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Health Care (continued)
AmSurg Corp.
Term Loan, 3.50%, Maturing July 16, 2021		98	$	98,618
Ardent Legacy Acquisitions, Inc.
Term Loan, 6.50%, Maturing August 4, 2021		100		99,998
Auris Luxembourg III S.a.r.l.
Term Loan, 4.25%, Maturing January 15, 2022		747		746,528
CareCore National, LLC
Term Loan, 5.50%, Maturing March 5, 2021		588		551,259
CHG Healthcare Services, Inc.
Term Loan, 4.25%, Maturing November 19, 2019		170		170,017
Community Health Systems, Inc.
Term Loan, 3.75%, Maturing December 31, 2018		325		323,881
Term Loan, 3.75%, Maturing December 31, 2019		499		492,392
Term Loan, 4.00%, Maturing January 27, 2021		918		906,142
Convatec, Inc.
Term Loan, 4.25%, Maturing June 15, 2020		88		88,488
CPI Buyer, LLC
Term Loan, 5.50%, Maturing August 18, 2021		197		186,165
DaVita HealthCare Partners, Inc.
Term Loan, 3.50%, Maturing June 24, 2021		540		543,133
DJO Finance, LLC
Term Loan, 4.25%, Maturing June 8, 2020		397		386,579
Envision Healthcare Corporation
Term Loan, 4.25%, Maturing May 25, 2018		394		394,554
Global Healthcare Exchange, LLC
Term Loan, 5.50%, Maturing August 15, 2022		199		199,062
Greatbatch Ltd.
Term Loan, 5.25%, Maturing October 27, 2022		175		175,408
Grifols Worldwide Operations USA, Inc.
Term Loan, 3.44%, Maturing February 27, 2021		809		810,521
Iasis Healthcare, LLC
Term Loan, 4.50%, Maturing May 3, 2018		309		308,452
Indivior Finance S.a.r.l.
Term Loan, 7.00%, Maturing December 19, 2019		188		182,344
inVentiv Health, Inc.
Term Loan, 7.75%, Maturing May 15, 2018		533		532,258
Jaguar Holding Company II
Term Loan, 4.25%, Maturing August 18, 2022		869		869,000
Kindred Healthcare, Inc.
Term Loan, 4.25%, Maturing April 9, 2021		741		738,736
Kinetic Concepts, Inc.
Term Loan, 4.50%, Maturing May 4, 2018		912		912,655
Knowledge Universe Education, LLC
Term Loan, 6.00%, Maturing August 13, 2022		199		198,005


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Health Care (continued)
LHP Hospital Group, Inc.
Term Loan, 9.00%, Maturing July 3, 2018		225	$	223,694
MMM Holdings, Inc.
Term Loan, 9.75%, Maturing December 12, 2017		104		67,716
MSO of Puerto Rico, Inc.
Term Loan, 9.75%, Maturing December 12, 2017		75		49,229
New Millennium Holdco, Inc.
Term Loan, 7.50%, Maturing December 21, 2020		295		230,127
Onex Carestream Finance L.P.
Term Loan, 5.00%, Maturing June 7, 2019		427		411,833
Opal Acquisition, Inc.
Term Loan, 5.00%, Maturing November 27, 2020		291		254,682
Ortho-Clinical Diagnostics, Inc.
Term Loan, 4.75%, Maturing June 30, 2021		540		513,863
PRA Holdings, Inc.
Term Loan, 4.50%, Maturing September 23, 2020		486		488,923
Radnet Management, Inc.
Term Loan, 4.29%, Maturing October 10, 2018		336		333,656
Select Medical Corporation
Term Loan, 6.00%, Maturing June 1, 2018		806		807,217
Sterigenics-Nordion Holdings, LLC
Term Loan, 4.25%, Maturing May 15, 2022		124		124,375
Steward Health Care System, LLC
Term Loan, 6.75%, Maturing April 12, 2020		393		387,035
Tecomet, Inc.
Term Loan, 5.75%, Maturing December 5, 2021		222		208,856

			$	15,743,553


Home Furnishings — 0.5%
Serta Simmons Holdings, LLC
Term Loan, 4.25%, Maturing October 1, 2019		1,255	$	1,259,010

			$	1,259,010


Industrial Equipment — 1.5%
Apex Tool Group, LLC
Term Loan, 4.50%, Maturing January 31, 2020		537	$	527,679
Delachaux S.A.
Term Loan, 4.50%, Maturing October 28, 2021		75		73,958
Doosan Infracore International, Inc.
Term Loan, 4.50%, Maturing May 28, 2021		181		178,965
Gardner Denver, Inc.
Term Loan, 4.25%, Maturing July 30, 2020		341		319,815
Generac Power Systems, Inc.
Term Loan, 3.50%, Maturing May 31, 2020		258		257,568


		10		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2016

Portfolio of Investments (Unaudited) — continued


Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value


Industrial Equipment (continued)
Husky Injection Molding Systems Ltd.
Term Loan, 4.25%, Maturing June 30, 2021			465	$	463,709
Term Loan - Second Lien, 7.25%, Maturing June 30, 2022			80		75,600
Milacron, LLC
Term Loan, 4.50%, Maturing September 28, 2020			215		215,126
Paladin Brands Holding, Inc.
Term Loan, 7.25%, Maturing August 16, 2019			87		74,950
Paternoster Holding IV GmbH
Term Loan, 6.63%, Maturing February 10, 2022	EUR		175		198,079
Rexnord, LLC
Term Loan, 4.00%, Maturing August 21, 2020			829		824,606
Signode Industrial Group US, Inc.
Term Loan, 3.75%, Maturing May 1, 2021			162		161,024
STS Operating, Inc.
Term Loan, 4.75%, Maturing February 12, 2021			334		290,855
Tank Holding Corp.
Term Loan, 5.25%, Maturing March 16, 2022			148		141,788
Terex Corporation
Term Loan, 3.50%, Maturing August 13, 2021	EUR		296		337,939
VAT Lux III S.a.r.l.
Term Loan, 4.25%, Maturing February 11, 2021			51		50,144

				$	4,191,805


Insurance — 1.7%
Alliant Holdings I, Inc.
Term Loan, 4.50%, Maturing August 12, 2022			347	$	344,987
AmWINS Group, LLC
Term Loan, 5.25%, Maturing September 6, 2019			896		900,549
AssuredPartners, Inc.
Term Loan, 5.75%, Maturing October 21, 2022			150		149,500
Term Loan - Second Lien, 10.00%, Maturing October 20, 2023			125		121,250
Asurion, LLC
Term Loan, 5.00%, Maturing May 24, 2019			577		576,648
Term Loan, 5.00%, Maturing August 4, 2022			985		979,583
Term Loan - Second Lien, 8.50%, Maturing March 3, 2021			375		362,227
Cunningham Lindsey U.S., Inc.
Term Loan, 5.00%, Maturing December 10, 2019			166		119,936
Hub International Limited
Term Loan, 4.25%, Maturing October 2, 2020			512		508,088


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Insurance (continued)
USI, Inc.
Term Loan, 4.25%, Maturing December 27, 2019		460	$	455,228

			$	4,517,996


Leisure Goods / Activities / Movies — 2.8%
AMC Entertainment, Inc.
Term Loan, 4.00%, Maturing December 15, 2022		398	$	400,363
Ancestry.com, Inc.
Term Loan, 5.00%, Maturing August 17, 2022		274		274,181
Bombardier Recreational Products, Inc.
Term Loan, 3.75%, Maturing January 30, 2019		641		641,601
CDS U.S. Intermediate Holdings, Inc.
Term Loan, 5.00%, Maturing July 8, 2022		374		362,657
ClubCorp Club Operations, Inc.
Term Loan, 4.25%, Maturing December 15, 2022		350		350,656
Emerald Expositions Holding, Inc.
Term Loan, 4.75%, Maturing June 17, 2020		174		174,439
Fender Musical Instruments Corporation
Term Loan, 5.75%, Maturing April 3, 2019		53		52,089
Kasima, LLC
Term Loan, 3.25%, Maturing May 17, 2021		107		106,434
Lindblad Expeditions, Inc.
Term Loan, 5.50%, Maturing May 8, 2021		45		45,258
Term Loan, 5.50%, Maturing May 8, 2021		352		350,750
Live Nation Entertainment, Inc.
Term Loan, 3.50%, Maturing August 16, 2020		495		497,935
LTF Merger Sub, Inc.
Term Loan, 4.25%, Maturing June 10, 2022		248		247,195
Match Group, Inc.
Term Loan, 5.50%, Maturing November 16, 2022		198		199,228
Nord Anglia Education Finance, LLC
Term Loan, 5.00%, Maturing March 31, 2021		642		635,994
Regal Cinemas Corporation
Term Loan, 3.75%, Maturing April 1, 2022		1,164		1,170,416
Sabre, Inc.
Term Loan, 4.00%, Maturing February 19, 2019		218		218,526
SeaWorld Parks & Entertainment, Inc.
Term Loan, 3.00%, Maturing May 14, 2020		532		520,065
SRAM, LLC
Term Loan, 4.01%, Maturing April 10, 2020		317		278,533
Steinway Musical Instruments, Inc.
Term Loan, 4.75%, Maturing September 19, 2019		373		361,359
WMG Acquisition Corp.
Term Loan, 3.75%, Maturing July 1, 2020		171		169,223


		11		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2016

Portfolio of Investments (Unaudited) — continued


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Leisure Goods / Activities / Movies (continued)
Zuffa, LLC
Term Loan, 3.75%, Maturing February 25, 2020		556	$	553,018

			$	7,609,920


Lodging and Casinos — 2.3%
Affinity Gaming, LLC
Term Loan, 5.25%, Maturing November 9, 2017		428	$	430,090
Amaya Holdings B.V.
Term Loan, 5.00%, Maturing August 1, 2021		641		616,036
Term Loan - Second Lien, 8.00%, Maturing August 1, 2022		539		536,678
Boyd Gaming Corporation
Term Loan, 4.00%, Maturing August 14, 2020		81		80,918
Caesars Entertainment Operating Company
Term Loan, 0.00%, Maturing March 1, 2017⁽⁴⁾		366		345,728
CityCenter Holdings, LLC
Term Loan, 4.25%, Maturing October 16, 2020		511		513,309
Four Seasons Holdings, Inc.
Term Loan, 3.50%, Maturing June 27, 2020		96		96,485
Term Loan - Second Lien, 6.25%, Maturing December 27, 2020		500		499,583
Golden Nugget, Inc.
Term Loan, 5.50%, Maturing November 21, 2019		106		105,800
Term Loan, 5.50%, Maturing November 21, 2019		246		246,866
Hilton Worldwide Finance, LLC
Term Loan, 3.50%, Maturing October 26, 2020		872		875,339
La Quinta Intermediate Holdings, LLC
Term Loan, 3.75%, Maturing April 14, 2021		565		558,054
MGM Growth Properties, LLC
Term Loan, 4.00%, Maturing April 25, 2023		375		377,812
Playa Resorts Holding B.V.
Term Loan, 4.00%, Maturing August 9, 2019		98		96,037
RHP Hotel Properties L.P.
Term Loan, 3.50%, Maturing January 15, 2021		123		123,350
Scientific Games International, Inc.
Term Loan, 6.00%, Maturing October 18, 2020		635		627,433
Term Loan, 6.00%, Maturing October 1, 2021		173		170,706

			$	6,300,224


Nonferrous Metals / Minerals — 0.7%
Alpha Natural Resources, LLC
DIP Loan, 10.00%, Maturing February 6, 2017		25	$	23,750
Term Loan, 3.50%, Maturing May 22, 2020		147		55,901


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Nonferrous Metals / Minerals (continued)
Arch Coal, Inc.
DIP Loan, 5.00%, Maturing January 31, 2017⁽⁶⁾		125	$	122,109
Term Loan, 7.50%, Maturing May 16, 2018		555		232,122
Dynacast International, LLC
Term Loan, 4.50%, Maturing January 28, 2022		124		123,750
Fairmount Santrol, Inc.
Term Loan, 4.50%, Maturing September 5, 2019		366		235,828
Murray Energy Corporation
Term Loan, 7.00%, Maturing April 16, 2017		50		39,265
Term Loan, 7.50%, Maturing April 16, 2020		347		236,149
Noranda Aluminum Acquisition Corporation
Term Loan, 5.75%, Maturing February 28, 2019		168		58,953
Novelis, Inc.
Term Loan, 4.00%, Maturing June 2, 2022		496		494,451
Oxbow Carbon, LLC
Term Loan, 4.25%, Maturing July 19, 2019		77		75,882
Term Loan - Second Lien, 8.00%, Maturing January 17, 2020		150		141,750

			$	1,839,910


Oil and Gas — 1.6%
Ameriforge Group, Inc.
Term Loan, 5.00%, Maturing December 19, 2019		319	$	164,108
Bronco Midstream Funding, LLC
Term Loan, 5.00%, Maturing August 15, 2020⁽²⁾		271		182,681
CITGO Holding, Inc.
Term Loan, 9.50%, Maturing May 12, 2018		157		157,283
CITGO Petroleum Corporation
Term Loan, 4.50%, Maturing July 29, 2021		197		195,276
Crestwood Holdings, LLC
Term Loan, 9.00%, Maturing June 19, 2019		165		147,134
Drillships Ocean Ventures, Inc.
Term Loan, 5.50%, Maturing July 25, 2021		222		131,239
Energy Transfer Equity L.P.
Term Loan, 3.25%, Maturing December 2, 2019		325		306,989
Term Loan, 4.00%, Maturing December 2, 2019		570		546,918
Fieldwood Energy, LLC
Term Loan, 3.88%, Maturing October 1, 2018		196		147,697
Floatel International, Ltd.
Term Loan, 6.00%, Maturing June 27, 2020		97		49,312
MEG Energy Corp.
Term Loan, 3.75%, Maturing March 31, 2020		1,424		1,269,355
Paragon Offshore Finance Company
Term Loan, 5.25%, Maturing July 18, 2021		148		38,142


		12		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2016

Portfolio of Investments (Unaudited) — continued


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Oil and Gas (continued)
Samson Investment Company
Term Loan - Second Lien, 0.00%, Maturing September 25, 2018⁽⁴⁾		175	$	2,771
Seadrill Partners Finco, LLC
Term Loan, 4.00%, Maturing February 21, 2021		833		409,594
Sheridan Investment Partners II L.P.
Term Loan, 4.25%, Maturing December 16, 2020		28		14,586
Term Loan, 4.25%, Maturing December 16, 2020		74		39,112
Term Loan, 4.25%, Maturing December 16, 2020		536		281,163
Sheridan Production Partners I, LLC
Term Loan, 4.25%, Maturing October 1, 2019		31		16,204
Term Loan, 4.25%, Maturing October 1, 2019		50		26,529
Term Loan, 4.25%, Maturing October 1, 2019		378		200,206
Tervita Corporation
Term Loan, 6.25%, Maturing May 15, 2018		106		96,714

			$	4,423,013


Publishing — 0.8%
Ascend Learning, LLC
Term Loan, 5.50%, Maturing July 31, 2019		220	$	220,099
Getty Images, Inc.
Term Loan, 4.75%, Maturing October 18, 2019		919		694,705
Laureate Education, Inc.
Term Loan, 5.00%, Maturing June 15, 2018		513		477,197
McGraw-Hill Global Education Holdings, LLC
Term Loan, 6.25%, Maturing March 22, 2019		334		334,107
Merrill Communications, LLC
Term Loan, 6.25%, Maturing June 1, 2022		124		113,433
ProQuest, LLC
Term Loan, 5.75%, Maturing October 24, 2021		123		120,966
Springer Science+Business Media Deutschland GmbH
Term Loan, 4.75%, Maturing August 14, 2020		245		239,345

			$	2,199,852


Radio and Television — 1.1%
AP NMT Acquisition B.V.
Term Loan, 6.75%, Maturing August 13, 2021		99	$	84,546
Block Communications, Inc.
Term Loan, 4.00%, Maturing November 7, 2021		49		49,466
CCO Safari III, LLC
Term Loan, 3.50%, Maturing January 24, 2023		375		377,042
Cumulus Media Holdings, Inc.
Term Loan, 4.25%, Maturing December 23, 2020		729		503,523


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Radio and Television (continued)
Hubbard Radio, LLC
Term Loan, 4.25%, Maturing May 27, 2022		113	$	109,781
iHeartCommunications, Inc.
Term Loan, 7.94%, Maturing July 30, 2019		450		335,672
MGOC, Inc.
Term Loan, 4.00%, Maturing July 31, 2020		255		255,182
Mission Broadcasting, Inc.
Term Loan, 3.75%, Maturing October 1, 2020		126		125,709
Nexstar Broadcasting, Inc.
Term Loan, 3.75%, Maturing October 1, 2020		142		142,556
Univision Communications, Inc.
Term Loan, 4.00%, Maturing March 1, 2020		1,129		1,129,819

			$	3,113,296


Retailers (Except Food and Drug) — 2.4%
99 Cents Only Stores
Term Loan, 4.50%, Maturing January 11, 2019		185	$	119,327
Bass Pro Group, LLC
Term Loan, 4.00%, Maturing June 5, 2020		439		434,021
CDW, LLC
Term Loan, 3.25%, Maturing April 29, 2020		364		364,037
David’s Bridal, Inc.
Term Loan, 5.25%, Maturing October 11, 2019		118		106,450
Dollar Tree, Inc.
Term Loan, 3.50%, Maturing July 6, 2022		386		387,476
Evergreen Acqco 1 L.P.
Term Loan, 5.00%, Maturing July 9, 2019		370		316,074
Harbor Freight Tools USA, Inc.
Term Loan, 4.75%, Maturing July 26, 2019		173		174,211
J. Crew Group, Inc.
Term Loan, 4.00%, Maturing March 5, 2021		539		431,742
Jo-Ann Stores, Inc.
Term Loan, 4.00%, Maturing March 16, 2018		315		311,554
Men’s Wearhouse, Inc. (The)
Term Loan, 4.50%, Maturing June 18, 2021		156		153,516
Michaels Stores, Inc.
Term Loan, 3.75%, Maturing January 28, 2020		967		969,881
Neiman Marcus Group, Inc. (The)
Term Loan, 4.25%, Maturing October 25, 2020		556		530,952
Party City Holdings, Inc.
Term Loan, 4.25%, Maturing August 19, 2022		497		496,726
PetSmart, Inc.
Term Loan, 4.25%, Maturing March 11, 2022		916		913,928


		13		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2016

Portfolio of Investments (Unaudited) — continued


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Retailers (Except Food and Drug) (continued)
Pier 1 Imports (U.S.), Inc.
Term Loan, 4.50%, Maturing April 30, 2021		98	$	91,864
Pilot Travel Centers, LLC
Term Loan, 3.75%, Maturing October 1, 2021		290		291,974
Spin Holdco, Inc.
Term Loan, 4.25%, Maturing November 14, 2019		293		287,858

			$	6,381,591


Steel — 0.7%
FMG Resources (August 2006) Pty. Ltd.
Term Loan, 4.25%, Maturing June 30, 2019		1,677	$	1,586,913
JMC Steel Group, Inc.
Term Loan, 4.75%, Maturing April 1, 2017		128		128,306
Neenah Foundry Company
Term Loan, 6.76%, Maturing April 26, 2017		79		78,756

			$	1,793,975


Surface Transport — 0.2%
Hertz Corporation (The)
Term Loan, 3.75%, Maturing March 11, 2018		339	$	339,018
Kenan Advantage Group, Inc.
Term Loan, 1.50%, Maturing January 31, 2017⁽⁶⁾		9		9,120
Term Loan, 4.00%, Maturing July 31, 2022		22		22,187
Term Loan, 4.00%, Maturing July 31, 2022		68		68,158
Stena International S.a.r.l.
Term Loan, 4.00%, Maturing March 3, 2021		270		229,412

			$	667,895


Telecommunications — 1.0%
Intelsat Jackson Holdings S.A.
Term Loan, 3.75%, Maturing June 30, 2019		650	$	611,162
IPC Corp.
Term Loan, 5.50%, Maturing August 6, 2021		347		321,379
Mitel US Holdings, Inc.
Term Loan, 5.50%, Maturing April 29, 2022		140		140,656

SBA Senior Finance II, LLC
Term Loan, 3.25%, Maturing March 24, 2021		344		344,004
Syniverse Holdings, Inc.
Term Loan, 4.00%, Maturing April 23, 2019		237		191,854
Term Loan, 4.00%, Maturing April 23, 2019		328		265,910
Telesat Canada
Term Loan, 3.50%, Maturing March 28, 2019		650		650,376


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Telecommunications (continued)
Windstream Corporation
Term Loan, 3.50%, Maturing August 8, 2019		121	$	119,353

			$	2,644,694


Utilities — 1.8%
Calpine Construction Finance Company L.P.
Term Loan, 3.00%, Maturing May 3, 2020		195	$	191,258
Term Loan, 3.25%, Maturing January 31, 2022		73		71,848
Calpine Corporation
Term Loan, 4.00%, Maturing October 9, 2019		169		168,998
Term Loan, 3.50%, Maturing May 27, 2022		895		889,224
Dynegy Holdings, Inc.
Term Loan, 4.00%, Maturing April 23, 2020		1,164		1,156,780
EFS Cogen Holdings I, LLC
Term Loan, 3.75%, Maturing December 17, 2020		67		66,669
Electrical Components International, Inc.
Term Loan, 5.75%, Maturing May 28, 2021		595		596,580
Energy Future Intermediate Holding Co., LLC
DIP Loan, 4.25%, Maturing December 19, 2016		300		300,125
EWT Holdings III Corp.
Term Loan, 4.75%, Maturing January 15, 2021		565		558,168
Term Loan, 5.50%, Maturing January 15, 2021		100		99,813
Granite Acquisition, Inc.
Term Loan, 5.00%, Maturing December 19, 2021		21		20,428
Term Loan, 5.00%, Maturing December 19, 2021		473		458,457
Invenergy Thermal Operating I, LLC
Term Loan, 6.50%, Maturing October 7, 2022		25		23,631
Lonestar Generation, LLC
Term Loan, 5.25%, Maturing February 22, 2021		98		66,237
Longview Power, LLC
Term Loan, 7.00%, Maturing April 13, 2021		50		43,918
TPF II Power, LLC
Term Loan, 5.50%, Maturing October 2, 2021		270		269,146

			$	4,981,280


Total Senior Floating-Rate Loans (identified cost $155,018,290)			$	149,944,286


Collateralized Mortgage Obligations — 25.0%


Security	Principal Amount (000’s omitted)		Value
Federal Home Loan Mortgage Corp.:
Series 2113, Class QG, 6.00%, 1/15/29	$	977	$	1,115,999


		14		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2016

Portfolio of Investments (Unaudited) — continued


Security	Principal Amount (000’s omitted)		Value

Federal Home Loan Mortgage Corp.: (continued)
Series 2167, Class BZ, 7.00%, 6/15/29	$	717	$	837,293
Series 2182, Class ZB, 8.00%, 9/15/29		1,321		1,591,207
Series 2631, (Interest Only), Class DS, 6.667%, 6/15/33⁽⁷⁾⁽⁸⁾		1,850		302,020
Series 2770, (Interest Only), Class SH, 6.667%, 3/15/34⁽⁷⁾⁽⁸⁾		2,356		492,376
Series 2981, (Interest Only), Class CS, 6.287%, 5/15/35⁽⁷⁾⁽⁸⁾		1,349		278,191
Series 3114, (Interest Only), Class TS, 6.217%, 9/15/30⁽⁷⁾⁽⁸⁾		3,432		607,669
Series 3339, (Interest Only), Class JI, 6.157%, 7/15/37⁽⁷⁾⁽⁸⁾		2,665		510,727
Series 4109, (Interest Only), Class ES, 5.717%, 12/15/41⁽⁷⁾⁽⁸⁾		300		24,866
Series 4163, (Interest Only), Class GS, 5.767%, 11/15/32⁽⁷⁾⁽⁸⁾		5,661		1,230,906
Series 4169, (Interest Only), Class AS, 5.817%, 2/15/33⁽⁷⁾⁽⁸⁾		3,547		725,916
Series 4180, (Interest Only), Class GI, 3.50%, 8/15/26⁽⁸⁾		3,373		311,771
Series 4203, (Interest Only), Class QS, 5.817%, 5/15/43⁽⁷⁾⁽⁸⁾		3,673		671,953
Series 4212, (Interest Only), Class SA, 5.767%, 7/15/38⁽⁷⁾⁽⁸⁾		7,008		921,930
Series 4273, Class PU, 4.00%, 11/15/43		943		961,833
Series 4316, (Interest Only), Class JS, 5.667%, 1/15/44⁽⁷⁾⁽⁸⁾		2,813		403,906
Series 4326, Class TS, 12.371%, 4/15/44⁽⁷⁾		695		710,479
Series 4332, (Interest Only), Class KI, 4.00%, 9/15/43⁽⁸⁾		2,345		236,840
Series 4336, Class GU, 3.50%, 2/15/53		2,135		2,180,990
Series 4370, (Interest Only), Class IO, 3.50%, 9/15/41⁽⁸⁾		2,741		276,388
Series 4416, Class SU, 7.732%, 12/15/44⁽⁷⁾		4,445		4,580,784
Series 4478, (Principal Only), Class PO, 0.00%, 5/15/45⁽⁹⁾		2,116		1,923,144
Series 4497, (Interest Only), Class CS, 5.767%, 9/15/44⁽⁷⁾⁽⁸⁾		4,805		852,120
Series 4507, (Interest Only), Class EI, 4.00%, 8/15/44⁽⁸⁾		4,646		881,428
Series 4535, (Interest Only), Class JS, 5.667%, 11/15/43⁽⁷⁾⁽⁸⁾		6,923		1,015,476
Series 4548, (Interest Only), Class JS, 5.667%, 9/15/43⁽⁷⁾⁽⁸⁾		5,950		882,372
Series 4550, Class ZT, 2.00%, 1/15/45		1,358		1,360,042

			$	25,888,626


Security	Principal Amount (000’s omitted)		Value

Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes:
Series 2015-DNA2, Class M3, 4.339%, 12/25/27⁽¹⁰⁾	$	2,000	$	2,037,525

			$	2,037,525

Federal National Mortgage Association:
Series 1989-89, Class H, 9.00%, 11/25/19	$	23	$	24,298
Series 1991-122, Class N, 7.50%, 9/25/21		147		161,409
Series 1993-84, Class M, 7.50%, 6/25/23		1,102		1,245,766
Series 1994-42, Class K, 6.50%, 4/25/24		363		405,606
Series 1997-28, Class ZA, 7.50%, 4/20/27		452		539,593
Series 1997-38, Class N, 8.00%, 5/20/27		401		467,609
Series 2004-46, (Interest Only), Class SI, 5.561%, 5/25/34⁽⁷⁾⁽⁸⁾		2,405		373,190
Series 2005-17, (Interest Only), Class SA, 6.261%, 3/25/35⁽⁷⁾⁽⁸⁾		1,798		395,428
Series 2006-8, (Principal Only), Class WQ, 0.00%, 3/25/36⁽⁹⁾		1,539		1,359,189
Series 2006-42, (Interest Only), Class PI, 6.151%, 6/25/36⁽⁷⁾⁽⁸⁾		3,092		584,869
Series 2006-44, (Interest Only), Class IS, 6.161%, 6/25/36⁽⁷⁾⁽⁸⁾		2,493		485,428
Series 2006-72, (Interest Only), Class GI, 6.141%, 8/25/36⁽⁷⁾⁽⁸⁾		4,489		802,613
Series 2007-50, (Interest Only), Class LS, 6.011%, 6/25/37⁽⁷⁾⁽⁸⁾		1,767		328,691
Series 2007-74, Class AC, 5.00%, 8/25/37		2,381		2,614,321
Series 2008-26, (Interest Only), Class SA, 5.761%, 4/25/38⁽⁷⁾⁽⁸⁾		3,125		582,763
Series 2008-29, (Interest Only), Class CI, 5.00%, 9/25/35⁽⁸⁾		1,253		40,775
Series 2008-61, (Interest Only), Class S, 5.661%, 7/25/38⁽⁷⁾⁽⁸⁾		4,174		805,369
Series 2010-99, (Interest Only), Class NS, 6.161%, 3/25/39⁽⁷⁾⁽⁸⁾		3,156		248,804
Series 2010-109, (Interest Only), Class PS, 6.161%, 10/25/40⁽⁷⁾⁽⁸⁾		4,939		916,415
Series 2010-119, (Interest Only), Class SK, 5.561%, 4/25/40⁽⁷⁾⁽⁸⁾		995		29,004
Series 2010-124, (Interest Only), Class SJ, 5.611%, 11/25/38⁽⁷⁾⁽⁸⁾		3,015		307,813
Series 2010-147, (Interest Only), Class KS, 5.511%, 1/25/41⁽⁷⁾⁽⁸⁾		6,209		1,047,212
Series 2010-150, (Interest Only), Class GS, 6.311%, 1/25/21⁽⁷⁾⁽⁸⁾		3,556		344,618
Series 2010-151, (Interest Only), Class PI, 4.00%, 5/25/28⁽⁸⁾		4,253		71,345
Series 2011-22, (Interest Only), Class IC, 3.50%, 12/25/25⁽⁸⁾		5,402		443,205


		15		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2016

Portfolio of Investments (Unaudited) — continued


Security	Principal Amount (000’s omitted)		Value

Federal National Mortgage Association: (continued)
Series 2011-49, Class NT, 6.00%, 6/25/41⁽⁷⁾	$	806	$	890,819
Series 2012-52, (Interest Only), Class AI, 3.50%, 8/25/26⁽⁸⁾		6,451		459,926
Series 2012-56, (Interest Only), Class SU, 6.311%, 8/25/26⁽⁷⁾⁽⁸⁾		2,066		162,975
Series 2012-63, (Interest Only), Class EI, 3.50%, 8/25/40⁽⁸⁾		5,860		459,682
Series 2012-103, (Interest Only), Class GS, 5.661%, 2/25/40⁽⁷⁾⁽⁸⁾		7,028		809,120
Series 2012-150, (Interest Only), Class PS, 5.711%, 1/25/43⁽⁷⁾⁽⁸⁾		7,130		1,440,925
Series 2012-150, (Interest Only), Class SK, 5.711%, 1/25/43⁽⁷⁾⁽⁸⁾		3,950		810,833
Series 2013-6, Class TA, 1.50%, 1/25/43		2,485		2,352,850
Series 2013-23, (Interest Only), Class CS, 5.811%, 3/25/33⁽⁷⁾⁽⁸⁾		3,505		728,009
Series 2013-54, (Interest Only), Class HS, 5.861%, 10/25/41⁽⁷⁾⁽⁸⁾		3,309		471,194
Series 2014-32, (Interest Only), Class EI, 4.00%, 6/25/44⁽⁸⁾		1,760		226,062
Series 2014-36, (Interest Only), Class ID, 4.00%, 6/25/44⁽⁸⁾		1,474		186,780
Series 2014-55, (Interest Only), Class IN, 3.50%, 7/25/44⁽⁸⁾		4,671		638,992
Series 2014-72, Class CS, 8.309%, 11/25/44⁽⁷⁾		526		531,859
Series 2014-80, (Interest Only), Class BI, 3.00%, 12/25/44⁽⁸⁾		8,036		1,025,905
Series 2014-89, (Interest Only), Class IO, 3.50%, 1/25/45⁽⁸⁾		3,549		522,235
Series 2015-14, (Interest Only), Class KI, 3.00%, 3/25/45⁽⁸⁾		7,824		997,195
Series 2015-17, (Interest Only), Class SA, 5.761%, 11/25/43⁽⁷⁾⁽⁸⁾		7,538		992,504
Series 2015-42, Class SC, 7.358%, 5/25/45⁽⁷⁾		362		362,359
Series 2015-52, (Interest Only), Class MI, 3.50%, 7/25/45⁽⁸⁾		4,432		633,443
Series 2015-57, (Interest Only), Class IO, 3.00%, 8/25/45⁽⁸⁾		18,351		2,397,440
Series 2015-74, Class SL, 2.092%, 10/25/45⁽⁷⁾		2,709		2,540,046
Series 2015-93, (Interest Only), Class BS, 5.711%, 8/25/45⁽⁷⁾⁽⁸⁾		5,840		1,062,032
Series G-33, Class PT, 7.00%, 10/25/21		151		159,525

			$	35,488,043

Government National Mortgage Association:
Series 2011-156, Class GA, 2.00%, 12/16/41	$	962	$	929,661
Series 2013-131, Class GS, 3.066%, 6/20/43⁽⁷⁾		2,324		2,051,949
Series 2014-117, Class HS, 29.29%, 8/20/44⁽⁷⁾		36		35,936
Series 2014-146, Class S, 5.492%, 10/20/44⁽⁷⁾		242		241,951


Security	Principal Amount (000’s omitted)		Value

Government National Mortgage Association: (continued)
Series 2015-79, Class CS, 5.215%, 5/20/45⁽⁷⁾	$	1,020	$	1,028,068

			$	4,287,565


Total Collateralized Mortgage Obligations (identified cost $69,102,985)			$	67,701,759


Commercial Mortgage-Backed Securities — 8.6%


Security	Principal Amount (000’s omitted)		Value
Citigroup Commercial Mortgage Trust
Series 2015-P1, Class D, 3.225%, 9/15/48^(11)(12)	$	4,000	$	2,962,821
COMM Mortgage Trust
Series 2014-KYO, Class D, 2.437%, 6/11/27^(10)(11)		1,000		991,893
Series 2014-LC17, Class D, 3.687%, 10/10/47⁽¹¹⁾		1,065		820,191
Extended Stay America Trust
Series 2013-ESH7, Class D7, 5.521%, 12/5/31^(11)(12)		1,080		1,101,931
JPMBB Commercial Mortgage Securities Trust
Series 2014-C19, Class D, 4.831%, 4/15/47^(11)(12)		1,425		1,168,963
Series 2014-C21, Class D, 4.816%, 8/15/47^(11)(12)		650		536,866
Series 2014-C22, Class D, 4.713%, 9/15/47^(11)(12)		1,850		1,473,115
Series 2014-C23, Class D, 4.108%, 9/15/47^(11)(12)		850		686,240
JPMorgan Chase Commercial Mortgage Securities Trust
Series 2011-C5, Class D, 5.50%, 8/15/46^(11)(12)		1,850		1,891,082
Series 2014-DSTY, Class B, 3.771%, 6/10/27⁽¹¹⁾		1,900		1,956,139
UBS-Citigroup Commercial Mortgage Trust
Series 2011-C1, Class D, 6.084%, 1/10/45^(11)(12)		2,000		2,204,968
UBS Commercial Mortgage Trust
Series 2012-C1, Class D, 5.719%, 5/10/45^(11)(12)		2,000		2,026,521
Wells Fargo Commercial Mortgage Trust
Series 2010-C1, Class C, 5.799%, 11/15/43^(11)(12)		500		542,407
Series 2013-LC12, Class D, 4.433%, 7/15/46^(11)(12)		2,000		1,867,536
Series 2015-SG1, Class C, 4.62%, 12/15/47⁽¹²⁾		1,000		982,367
WF-RBS Commercial Mortgage Trust
Series 2012-C9, Class D, 4.961%, 11/15/45^(11)(12)		1,250		1,174,011
Series 2014-LC14, Class D, 4.586%, 3/15/47^(11)(12)		1,150		945,364


Total Commercial Mortgage-Backed Securities (identified cost $23,923,381)			$	23,332,415


		16		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2016

Portfolio of Investments (Unaudited) — continued


Mortgage Pass-Throughs — 20.5%


Security	Principal Amount (000’s omitted)		Value

Federal Home Loan Mortgage Corp.:
2.556%, with maturity at 2035⁽¹³⁾	$	2,351	$	2,482,292
2.873%, with maturity at 2035⁽¹³⁾		2,457		2,575,191
5.00%, with maturity at 2019		1,081		1,124,437
6.00%, with various maturities to 2029		1,946		2,225,599
6.15%, with maturity at 2027		641		733,293
6.50%, with various maturities to 2032		3,800		4,324,517
7.00%, with various maturities to 2036		3,372		4,011,412
7.50%, with maturity at 2024		997		1,134,456
8.00%, with various maturities to 2032		1,557		1,883,335
8.50%, with various maturities to 2031		1,828		2,168,774
9.00%, with maturity at 2031		169		204,099
9.50%, with various maturities to 2022		40		44,550

			$	22,911,955

Federal National Mortgage Association:
3.79%, with maturity at 2037⁽¹³⁾	$	735	$	748,704
5.00%, with various maturities to 2040		3,281		3,651,018
5.50%, with various maturities to 2033		2,163		2,440,980
6.00%, with maturity at 2023		1,321		1,463,306
6.319%, with maturity at 2032⁽¹³⁾		990		1,089,736
6.50%, with various maturities to 2036		4,736		5,464,987
7.00%, with various maturities to 2037		5,151		6,105,369
7.50%, with maturity at 2035		3,478		4,111,795
8.00%, with various maturities to 2034		900		1,055,383
8.50%, with various maturities to 2027		93		106,723
9.00%, with various maturities to 2029		375		435,944
10.00%, with various maturities to 2031		232		256,473

			$	26,930,418

Government National Mortgage Association:
7.50%, with maturity at 2025	$	1,558	$	1,775,415
8.00%, with maturity at 2034		2,013		2,395,397
9.00%, with various maturities to 2026		1,086		1,300,361
9.50%, with maturity at 2025		99		111,071
11.00%, with maturity at 2018		20		21,666

			$	5,603,910


Total Mortgage Pass-Throughs (identified cost $52,558,022)			$	55,446,283


Asset-Backed Securities — 4.7%


Security	Principal Amount (000’s omitted)		Value

American Homes 4 Rent
Series 2014-SFR1, Class C, 2.186%, 6/17/31^(10)(11)	$	200	$	195,740
Series 2014-SFR1, Class D, 2.786%, 6/17/31^(10)(11)		825		804,707
American Residential Properties Trust
Series 2014-SFR1, Class C, 2.786%, 9/17/31^(10)(11)		2,000		1,971,302
Centurion CDO IX Ltd.
Series 2005-9A, Class D1, 5.383%, 7/17/19^(10)(11)		500		469,724
Colony American Homes
Series 2014-1A, Class C, 2.286%, 5/17/31^(10)(11)		760		746,034
DB Master Finance LLC
Series 2015-1A, Class A2II, 3.98%, 2/20/45⁽¹¹⁾		1,238		1,228,177
Invitation Homes Trust
Series 2013-SFR1, Class D, 2.591%, 12/17/30^(10)(11)		550		538,678
Series 2014-SFR1, Class D, 3.036%, 6/17/31^(10)(11)		500		495,635
OneMain Financial Issuance Trust
Series 2014-1A, Class A, 2.43%, 6/18/24⁽¹¹⁾		195		195,309
Series 2014-1A, Class B, 3.24%, 6/18/24⁽¹¹⁾		800		795,635
Series 2015-1A, Class B, 3.85%, 3/18/26⁽¹¹⁾		800		777,657
Sierra Receivables Funding Co., LLC
Series 2014-1A, Class B, 2.42%, 3/20/30⁽¹¹⁾		193		191,436
Series 2015-1A, Class B, 3.05%, 3/22/32⁽¹¹⁾		264		261,023
Silver Bay Realty Trust
Series 2014-1, Class C, 2.486%, 9/17/31^(10)(11)		2,000		1,941,131
SpringCastle Funding Trust
Series 2014-AA, Class B, 4.61%, 10/25/27⁽¹¹⁾		1,980		2,003,684


Total Asset-Backed Securities (identified cost $12,785,516)			$	12,615,872


U.S. Government Agency Obligations — 0.6%


Security	Principal Amount (000’s omitted)		Value
Federal Farm Credit Bank:
3.25%, 7/1/30	$	1,500	$	1,576,316


Total U.S. Government Agency Obligations (identified cost $1,469,987)			$	1,576,316


		17		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2016

Portfolio of Investments (Unaudited) — continued


Corporate Bonds & Notes — 0.6%


Security		Principal Amount (000’s omitted)		Value


Financial Intermediaries — 0.1%
First Data Corp.
6.75%, 11/1/20⁽¹¹⁾		$	163	$	171,461

				$	171,461


Food Products — 0.1%
Iceland Bondco PLC
4.838%, 7/15/20^(10)(11)	GBP		250	$	320,540

				$	320,540


Health Care — 0.2%
CHS/Community Health Systems, Inc.
5.125%, 8/15/18		$	425	$	431,375

				$	431,375


Lodging and Casinos — 0.1%
Caesars Entertainment Operating Co., Inc.
8.50%, 2/15/20⁽⁴⁾		$	350	$	317,625

				$	317,625


Utilities — 0.1%
Calpine Corp.
7.875%, 1/15/23⁽¹¹⁾		$	389	$	417,203

				$	417,203


Total Corporate Bonds & Notes (identified cost $1,754,809)				$	1,658,204


Foreign Government Bonds — 10.8%


Security		Principal Amount (000’s omitted)		Value

Bangladesh — 1.6%
Bangladesh Treasury Bond, 10.10%, 6/11/19	BDT		23,600	$	339,082
Bangladesh Treasury Bond, 11.40%, 5/9/17	BDT		60,000		812,916
Bangladesh Treasury Bond, 11.50%, 8/8/17	BDT		107,500		1,477,346
Bangladesh Treasury Bond, 11.50%, 11/7/17	BDT		15,700		218,554
Bangladesh Treasury Bond, 11.52%, 12/5/17	BDT		20,000		279,508
Bangladesh Treasury Bond, 11.55%, 9/5/17	BDT		30,000		413,962
Bangladesh Treasury Bond, 11.55%, 10/3/17	BDT		29,900		414,188


Security		Principal Amount (000’s omitted)		Value


Bangladesh (continued)
Bangladesh Treasury Bond, 11.72%, 2/6/18	BDT		8,400	$	118,771
Bangladesh Treasury Bond, 11.72%, 7/2/18	BDT		19,400		279,574

Total Bangladesh				$	4,353,901


Brazil — 1.5%
Letra do Tesouro Nacional, 0.00%, 10/1/16	BRL		2,902	$	797,979
Letra do Tesouro Nacional, 0.00%, 1/1/17	BRL		12,700		3,386,902

Total Brazil				$	4,184,881


Costa Rica — 0.2%
Costa Rica Titulos de Propiedad Bond, 10.58%, 6/22/16	CRC		255,000	$	481,717

Total Costa Rica				$	481,717


Czech Republic — 1.5%
Czech Republic Government Bond, 0.00%, 11/9/17⁽¹⁴⁾	CZK		67,000	$	2,842,446
Czech Republic Government Bond, 0.00%, 1/22/18⁽¹⁴⁾	CZK		28,660		1,214,966

Total Czech Republic				$	4,057,412


Dominican Republic — 2.0%
Dominican Republic International Bond, 10.40%, 5/10/19⁽¹⁴⁾	DOP		54,400	$	1,217,188
Dominican Republic International Bond, 13.50%, 8/4/17⁽¹⁴⁾	DOP		2,400		55,141
Dominican Republic International Bond, 14.00%, 6/8/18⁽¹⁴⁾	DOP		53,200		1,265,617
Dominican Republic International Bond, 16.00%, 2/10/17⁽¹⁴⁾	DOP		124,700		2,862,702

Total Dominican Republic				$	5,400,648


Georgia — 0.2%
Georgia Treasury Bond, 10.75%, 7/9/17	GEL		100	$	45,764
Georgia Treasury Bond, 13.375%, 3/10/18	GEL		960		460,584

Total Georgia				$	506,348


Iceland — 2.3%
Republic of Iceland, 6.25%, 2/5/20	ISK		231,085	$	1,395,173
Republic of Iceland, 7.25%, 10/26/22	ISK		427,092		2,734,036
Republic of Iceland, 8.75%, 2/26/19	ISK		329,709		2,102,829

Total Iceland				$	6,232,038


		18		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2016

Portfolio of Investments (Unaudited) — continued


Security		Principal Amount (000’s omitted)		Value


Lebanon — 0.0%⁽¹⁵⁾
Lebanon Treasury Note, 6.18%, 7/28/16	LBP		174,650	$	116,293

Total Lebanon				$	116,293


Serbia — 0.5%
Serbia Treasury Bond, 10.00%, 10/17/16	RSD		21,800	$	209,970
Serbia Treasury Bond, 10.00%, 4/1/17	RSD		46,800		461,870
Serbia Treasury Bond, 10.00%, 5/8/17	RSD		18,760		186,030
Serbia Treasury Bond, 10.00%, 1/24/18	RSD		22,180		225,183
Serbia Treasury Bond, 10.00%, 2/5/22	RSD		20,360		218,533

Total Serbia				$	1,301,586


Vietnam — 1.0%
Vietnam Government Bond, 7.20%, 1/15/17	VND		16,000,000	$	728,923
Vietnam Government Bond, 7.60%, 10/31/16	VND		41,000,000		1,863,043

Total Vietnam				$	2,591,966


Total Foreign Government Bonds (identified cost $29,418,347)				$	29,226,790


Common Stocks — 0.5%


Security		Shares		Value
Affinity Gaming, LLC^(16)(17)			23,498	$	323,099
Dayco Products, LLC^(16)(17)			8,898		298,083
Education Management Corp.^(2)(16)(17)			955,755		0
ION Media Networks, Inc.^(2)(16)(17)			1,357		662,650
MediaNews Group, Inc.^(2)(16)(17)			3,023		98,248
New Millennium Holdco, Inc.^(16)(17)			8,641		66,968


Total Common Stocks (identified cost $424,871)				$	1,449,048


Convertible Preferred Stocks — 0.0%⁽¹⁵⁾


Security		Shares		Value
Education Management Corp., Series A-1, 7.50%^(2)(16)(17)			1,063	$	9,418


Total Convertible Preferred Stocks (identified cost $75,023)				$	9,418

Currency Options Purchased — 0.1%

Description

Counterparty

Principal
Amount of
Contracts
(000’s
omitted)

Strike
Price

Expiration
Date

Value

Call INR/Put USD

Citibank, N.A.

INR 100,664

INR 67.79

7/4/16

26,044

Call MXN/Put USD

Deutsche Bank AG

MXN 24,067

MXN 18.33

1/11/17

92,933

Call SEK/Put EUR

Morgan
Stanley & Co.
International PLC

SEK 11,349

SEK 9.30

10/17/16

36,743

Total Currency Options Purchased
(identified cost $150,035)

155,720



Short-Term Investments — 9.1%

Foreign Government Securities — 5.7%


Security		Principal Amount (000’s omitted)		Value


Georgia — 1.2%
Georgia Treasury Bill, 0.00%, 8/18/16	GEL		7,073	$	3,104,173

Total Georgia				$	3,104,173


Iceland — 0.2%
Iceland Treasury Bill, 0.00%, 6/15/16	ISK		58,778	$	346,886
Iceland Treasury Bill, 0.00%, 10/17/16	ISK		21,233		125,071

Total Iceland				$	471,957


Lebanon — 2.3%
Lebanon Treasury Bill, 0.00%, 5/12/16	LBP		78,240	$	51,848
Lebanon Treasury Bill, 0.00%, 5/26/16	LBP		2,774,830		1,835,965
Lebanon Treasury Bill, 0.00%, 12/1/16	LBP		6,184,800		3,988,374
Lebanon Treasury Bill, 0.00%, 2/16/17	LBP		630,200		401,964

Total Lebanon				$	6,278,151


Sri Lanka — 2.0%
Sri Lanka Treasury Bill, 0.00%, 4/7/17	LKR		395,400	$	2,473,912
Sri Lanka Treasury Bill, 0.00%, 4/14/17	LKR		474,790		2,964,805

Total Sri Lanka				$	5,438,717


Total Foreign Government Securities (identified cost $15,154,493)				$	15,292,998


		19		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2016

Portfolio of Investments (Unaudited) — continued


U.S. Treasury Obligations — 1.1%


Security	Principal Amount (000’s omitted)		Value

U.S. Treasury Bill, 0.00%, 9/22/16⁽¹⁸⁾	$	3,000	$	2,996,703


Total U.S. Treasury Obligations (identified cost $2,994,744)			$	2,996,703


Other — 2.3%


Description	Interest (000’s omitted)		Value
Eaton Vance Cash Reserves Fund, LLC, 0.53%⁽¹⁹⁾	$	6,238	$	6,238,083


Total Other (identified cost $6,238,083)			$	6,238,083


Total Short-Term Investments (identified cost $24,387,320)			$	24,527,784


Total Investments — 136.0% (identified cost $371,068,586)			$	367,643,895


Less Unfunded Loan Commitments — (0.0)%⁽¹⁵⁾			$	(134,128	)


Net Investments — 136.0% (identified cost $370,934,458)			$	367,509,767

Currency Options Written — (0.1)%

Description

Counterparty

Principal
Amount of
Contracts
(000’s
omitted)

Strike
Price

Expiration
Date

Value

Call INR/Put USD

Deutsche Bank AG

INR 100,664

INR 67.79

7/4/16

(26,044

)

Call MXN/Put USD

Goldman Sachs
International

MXN 24,067

MXN 18.33

1/11/17

(92,933

)

Call SEK/Put EUR

Morgan
Stanley & Co.
International PLC

SEK 11,349

SEK 9.30

10/17/16

(36,743

)

Total Currency Options Written
(premiums received $115,502)

(155,720

)

Other Assets, Less Liabilities — (35.9)%

(97,029,863

)

Net Assets — 100.0%

270,324,184

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

*	In U.S. dollars unless otherwise indicated.

⁽¹⁾

Senior floating-rate loans (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will typically have an expected average life of approximately two to four years. The stated interest rate represents the weighted average interest rate of all contracts within the senior loan facility and includes commitment fees on unfunded loan commitments, if any. Senior Loans typically have rates of interest which are redetermined either daily, monthly, quarterly or semi-annually by reference to a base lending rate, plus a premium. These base lending rates are primarily the London Interbank Offered Rate (“LIBOR”) and secondarily, the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit (“CD”) rate or other base lending rates used by commercial lenders.

⁽²⁾

For fair value measurement disclosure purposes, security is categorized as Level 3 (see Note 9).

⁽³⁾

This Senior Loan will settle after April 30, 2016, at which time the interest rate will be determined.

⁽⁴⁾

Currently the issuer is in default with respect to interest and/or principal payments or has filed for bankruptcy. For a variable rate security, interest rate has been adjusted to reflect non-accrual status.

⁽⁵⁾

Principal amount is less than $500.

⁽⁶⁾

Unfunded or partially unfunded loan commitments. See Note 1G for description.

⁽⁷⁾

Inverse floating-rate security whose coupon varies inversely with changes in the interest rate index. The stated interest rate represents the coupon rate in effect at April 30, 2016.

⁽⁸⁾

Interest only security that entitles the holder to receive only interest payments on the underlying mortgages. Principal amount shown is the notional amount of the underlying mortgages on which coupon interest is calculated.

⁽⁹⁾

Principal only security that entitles the holder to receive only principal payments on the underlying mortgages.

⁽¹⁰⁾	Variable rate security. The stated interest rate represents the rate in effect at April 30, 2016.

⁽¹¹⁾

Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At April 30, 2016, the aggregate value of these securities is $35,875,124 or 13.3% of the Fund’s net assets.

⁽¹²⁾	Weighted average fixed-rate coupon that changes/updates monthly. Rate shown is the rate at April 30, 2016.

⁽¹³⁾	Adjustable rate mortgage security. Rate shown is the rate at April 30, 2016.

⁽¹⁴⁾

Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At April 30, 2016, the aggregate value of these securities is $9,458,060 or 3.5% of the Fund’s net assets.

⁽¹⁵⁾	Amount is less than 0.05% or (0.05)%, as applicable.

⁽¹⁶⁾	Security was acquired in connection with a restructuring of a Senior Loan and may be subject to restrictions on resale.

⁽¹⁷⁾	Non-income producing.


		20		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2016

Portfolio of Investments (Unaudited) — continued

⁽¹⁸⁾	Security (or a portion thereof) has been pledged to cover collateral requirements on open derivative contracts.

⁽¹⁹⁾	Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of April 30, 2016.


Forward Foreign Currency Exchange Contracts
Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation		Unrealized (Depreciation)

EUR	312,989	RON	1,400,000	BNP Paribas		5/3/16	$	561	$	—
RON	1,217,000	EUR	271,870	BNP Paribas		5/3/16		—		(251	)
RON	183,000	EUR	40,890	Deutsche Bank AG		5/3/16		—		(48	)
EUR	2,944,133	PLN	12,973,911	Morgan Stanley & Co. International PLC		5/4/16		—		(27,748	)
PLN	2,284,000	EUR	511,901	Morgan Stanley & Co. International PLC		5/4/16		12,215		—
PLN	10,689,911	EUR	2,419,592	Standard Chartered Bank		5/4/16		30,008		—
KES	72,900,000	USD	670,345	Standard Chartered Bank		5/6/16		51,178		—
INR	55,269,000	USD	795,020	Bank of America, N.A.		5/9/16		37,033		—
INR	376,547,000	USD	5,487,703	BNP Paribas		5/9/16		181,065		—
INR	158,100,000	USD	2,342,569	Citibank, N.A.		5/9/16		37,564		—
USD	2,322,356	INR	160,080,000	Bank of America, N.A.		5/9/16		—		(87,586	)
IDR	3,918,592,000	USD	286,447	Goldman Sachs International		5/12/16		10,216		—
IDR	7,875,513,000	USD	575,485	JPMorgan Chase Bank, N.A.		5/12/16		20,743		—
CLP	2,859,666,290	USD	3,994,505	BNP Paribas		5/16/16		328,808		—
IDR	7,693,109,000	USD	562,979	BNP Paribas		5/16/16		19,030		—
IDR	3,908,935,000	USD	286,474	Goldman Sachs International		5/16/16		9,250		—
IDR	7,693,110,000	USD	563,268	Standard Chartered Bank		5/16/16		18,742		—
RUB	289,700,000	USD	4,177,361	Citibank, N.A.		5/18/16		276,964		—
MXN	11,570,755	USD	650,340	HSBC Bank USA, N.A.		5/19/16		21,146		—
MXN	51,115,000	USD	2,708,725	JPMorgan Chase Bank, N.A.		5/19/16		257,632		—
PHP	81,603,000	USD	1,695,823	Bank of America, N.A.		5/23/16		38,126		—
PHP	43,427,297	USD	938,766	Standard Chartered Bank		5/23/16		—		(15,997	)
USD	1,477,360	EUR	1,334,194	State Street Bank and Trust Company		5/31/16		—		(51,589	)
EUR	38,197	USD	43,590	BNP Paribas		6/8/16		194		—
USD	1,303,541	EUR	1,180,736	BNP Paribas		6/8/16		—		(49,889	)
USD	2,448,510	LKR	358,216,979	Citibank, N.A.		6/8/16		17,294		—
USD	2,949,003	LKR	432,028,988	Citibank, N.A.		6/8/16		16,826